Engineers India Ltd FPO Message Board (Page 46)

Dear isko bhi LIC hi poora subscribe karega aur koi nahi NHPC, REC, NMDC, OIL india, SJVN ki tarah
Janta ke sath dhokha h koi bhi isme paisa mat lagana
Varna mare jaoge
5% discount ka to dhokha h

should i put in money for this FPO.. Have burnt hands in SJVNL

its a good issue. we should apply in this. beacause of following reasons :-

1. Good allotment (issue will be subscribed less than 2 times may be even lesser in retail segment.)

2. good margin of safety for retail investors (cmp is 310 and it will be issued at around 275 at upper band after retail discount)

3. If at all price of share in open market comes down, the issue price will be decided at lower end of the price ban and we will get more margin of safety.

4. Engineering sector, govt name and past performance of the Company.

we will easily make 2000 to 10000 per application depending upon market condtions , subscription levels and price discovery.

Regards

1 Idiot

EIL Vs. SKS

On Financial Ground APPLY EIL,

On Moral Ground AVOID SKS.

Ravi Bangalore & Ajayghosh fight is on. As someone mentioned three letter psu like oil & rec are successful. jokes apart, capital market rating is 50/100. i have bit confidence on them. Moreover outlook profit recommends EIL earlier for high dividend yield. Business line has also positive view. Hence i am applying. Previously i earned huge profit from REC.

After seeing NHPC, NTPC, SJVNL, NMDC if anyone is applying to this FPO , its their fault . There are only few exceptional cases like REC but others are dead stocks.

I REQUEST ALL THE PEOPLE TO EXIT EIL IF THEY R HOLDING IT FOR LONG TERM BECAUSE -

1) THEY CAN BUY BACK SHARES @ LOWER PRICE IN FPO.
2) NO SELLING FROM SUCH PERSONS POST LISTING
3) MORE SUBSCRIPTION IN FPO THEN GOOD GAIN
4) NEW FPO INVESTORS LIKE ME WILL BE REWARDED A BIT MORE

Dear 98, GEM IPO FINDER

All your calculation is correct, but subscription will be not more than 1.5 times in retail category. Because PUBLIC generally runs for grey market premium and will prefer SKS to EIL (Its a different matter that PUBLIC will loose money in SKS or will make lesser profit in SKS).

In my opinion EIL will subscribe by not more than 1.5 times in retail and seliver much higher returns than SKS>

Regards

1 Idiot

PNC,

WHY BUY FROM MARKET AND THAT TOO EIL THERE R OTHER GOOD OPPORTUNITY TO BUY.

WE R BUYING EIL ONLY IN FPO AT 275.5 ( 290-5%) AND HOPE TO SALE AT 290-95-300 POST NEW SH LISTING.

IN THE MARKET YOU WILL NOT GET AT 275 IMMIDIATELY MAY BE AFTER 2-3 DAYS OF LISTING U MAY GET THAT THEN WHY BUY THIS SH.I WILL BUY ONLY LISTING GAIN NOT FOR LT INVST.

eps for eil for march ' 08/09/10 were 5.82/10.17/13.04
from '08 to '09 it grew around 80% yoy, from march '09 to '10 it grew 30%. ( AS PER PROSPECTUS)

even if it grows 20% in fy' 11 and '12 the eps will be 15.66 and 18.8 so @ rs 300 it trades at a pe of 19 and 16 times fy '11 & '12 respectively. thats not too expensive FOR ENGINEERING CO LIKE EIL.

IN EIL reatail portion may be subscribed around 2-2.5 Times
my target for selling post allotment is 290-295. so per 1 lac APPLCN gain could be ( RS 20 *140 SH) 2400-2600 thats enough for me.

inspite bad conds for sks its retail portion may also be subscribed around 2-3 times and listing could happen RS 90 above( 50 DISCOUNT + 40 GMP )so gain per applcn could be ( RS 90 * 40 SH) RS 3000-3200 THAT IS ALSO ENOUGH FOR ME.

I WOULD ADVICE GO 50:50 IN BOTH, OR MORE TOWARDS EIL.

shor shor shor saari aur hai eil bhi nhpc,nmdc,ntpc,sjvnl ki tarah chor hai .
govt ne isme bhi paisa lekar bhag jaan hai .
agar login ne isme bhi 5% ka discount dekhkar lagaya toh yeh sirf 1 trap hai logon ko phasane ka as they know .50 will be subcribed by lic so rest .20-.30 public can be foolde easily.
badmein yeh price ke 20% neecha bhi aagya toh unko kya unki aish hai paisa toh login ka kheench liya
fair price for stock is 180 rs.

go for it

Engineers India...Very Expensive...Look at its price a year ago...was trading lacklusture...beware

it is going to go rec way....apply for good listing gains

EIL price band is attractive, but not very attractive.

Broad market is trading in higher valuation range on historical earnings. Nifty is trading above P/E of 23 consistently almost for a year. Will Nifty cross 5480?

It is the liquidity and investor confidence that drive the market performance- the economic growth plays only a supporting role.

It is highly dangerous to taking call on brokerage recommendations based on future earnings, particularly for this bull-market Heroes like Auto, Bank, Infra etc.

I would like to put only one application. I don't want to take either huge profit or large loss in this FPO.

very expensive

RJ

RS. 100 / SH OR 1000% DIV PAID BY THE CO 1 AMONTH AGO WHEN IT FACE VALUE WAS 10 ANF MARKET PRICE WAS 2000. AFTER SPLIT/BONUS/DIV IT CAME TO 300 NOW

Post FPO , EIL will go to 220-240 levels , no need to buy now when u can buy later , See NMDC and learn something

Dear Sreedhar,
I bought some today at 309 and will buy more if it comes down further. But the Govt. won't allow it to come down much and will try to do everything to hold the price.

dear 81. Shreedhar

because of high price band of SKS and reasonable priceband of EIL, i am also expecting a subscription of around 2 times in retail category.

Even if the share manages to be around 300 (which is the most likely scenario post allotment, long term is a different thing) retailers will be making a cool Rs.3500 on per application.

Its worth to apply EIL than SKS. But hereour retailers just apply in only those shares where there is a grey market and endup loosing their hard eraned money.

My Opinion:-

One should apply in EIL first and even if he has extra money than should apply in SKS but sell in grey market to protect his money. Otherwise there is a fair chance of loosing money. If at all SKS list at hugh premium, the same will be because of SPECULATION and not for fundamentals.

This is my personal opinion.

Regards

1 Idiot